Tuesday, June 16, 2009

What is planning ?

Planning is management term because it is most used in management . Planning means deciding in advance what to done in future .
For determining of future works , there are many components include in planning like making of objectives , policies , procedures and rules and budget . Planning is that procedure to capture future with good and scientific estimations and probabilities .

Planning is based on historical data so , 70% to 80% result of planning are favorable for reducing the uncertainty of business .Planning is like river water which is continuously flowing and if it stopped all control of business may stop .

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